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More investors are moving towards decentralized finance (DeFi) after the collapse of numerous centralized banks, and many projects have been called to their attention. Collateral Network (COLT), currently in its presale phase, is one of those projects. We will compare it against competing projects such as Shiba Inu (SHIB) and Avalanche (AVAX).
>>BUY COLT TOKENS NOW<<
Twitter changed the logo to an image of a Shiba Inu dog as a late April Fool's Day joke. As a result, cryptocurrencies such as Shiba Inu (SHIB) saw a spike in their trading volume and value.
Shiba Inu (SHIB) was trading at $0.00001133, and in the past 24 hours (at the time of writing the article), the value of SHIB saw an increase of 5.9%.
In the last week, the value increased by 8.9%. Shiba Inu (SHIB)'s trading volume also saw a leap of 220.27% in the previous 24 hours, indicating interest in the altcoin. Shiba Inu (SHIB) isn't the only token shined this week, as investors are also eyeing Avalanche (AVAX) and Collateral Network (COLT).
Avalanche (AVAX) announced the Developer Community call that took place on April 5, 2023. The Ava Labs engineering team discussed updates with the Cortina Upgrade, developer education, and certification opportunities at the event.
As for the value of the Avalanche (AVAX) cryptocurrency, on April 4, 2023, the cryptocurrency traded at $17.42.
In the last month, its value has been up 7.8%. As for its trading volume, Avalanche (AVAX) experienced an increase of 11.08% over the previous 24 hours.
Across the entire crypto market, many altcoins have begun experiencing increases in their value, and based on these statistics, it is clear that we are experiencing a recovery of the entire market.
One other altcoin can reach new heights: Collateral Network (COLT).
Collateral Network (COLT) aims to establish itself as the go-to platform for lending and borrowing. It utilizes a Peer-to-Peer (P2P) network alongside non-fungible token (NFT) technology to change the lending industry for the better.
The Collateral Network (COLT) will allow anyone to borrow cryptocurrencies against their physical assets that exist off-chain. If a person has real estate, fine art, gold bars, diamonds, or any other type of asset, they can utilize the network to make it liquid.
What happens is that Collateral Network (COLT) will mint an NFT that is 100% backed by the asset in question. Then, this NFT can get fractionalized and gain a lot of use cases in the network.
All users can purchase a fraction of this newly minted NFT without needing to buy it fully, and this opens the asset class to a lot more people whilst also funding loans that can provide interest rates based on their time frame.
As for the native cryptocurrency, Collateral Network (COLT) is currently at its presale stage and offered at $0.01.
Collateral Network (COLT) can revolutionize the lending space and provide a lot of value to traditional investors alongside the Web3 space; analysts predict that it can jump x35 in value to $0.035 in the next few months. Throughout the presale, only 38% of its total supply is available. There can only ever be 1,400,000,000 COLT tokens.
>>BUY COLT TOKENS NOW<<
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
